Ethan Zhao
Senior Reporter
The Latest
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Potential Buyers Line Up as TikTok Faces Forced Sale, but Challenges Loom
As the clock ticks for TikTok to find a new owner following President Joe Biden's signing of legislation that would ban the app in the United States unless its Chinese parent, ByteDance, sells it, a handful of American finance and tech tycoons are gearing up for multi-billion dollar bids. However, potential buyers face formidable obstacles in prying TikTok from ByteDance's hands and into American ownership. 
As the clock ticks for TikTok to find a new owner following President Joe Biden's signing of legislation that would ban the app in the United States unless its Chinese parent, ByteDance, sells it, a handful of American finance and tech tycoons are gearing up for multi-billion dollar bids. However, potential buyers face formidable obstacles in prying TikTok from ByteDance's hands and into American ownership. -
Chinese Exporters Confident Despite U.S. Tariff Threats Amid Strong International Demand
The Canton Fair, China's largest trade event held in Guangzhou, has recently become a vivid display of the resilience and adaptability of Chinese exporters amid escalating global trade tensions. Despite the looming threat of increased U.S. tariffs, international buyers are flocking to the fair, drawn by the unbeatable prices and quality offered by Chinese products. 
The Canton Fair, China's largest trade event held in Guangzhou, has recently become a vivid display of the resilience and adaptability of Chinese exporters amid escalating global trade tensions. Despite the looming threat of increased U.S. tariffs, international buyers are flocking to the fair, drawn by the unbeatable prices and quality offered by Chinese products. -
Southern China Braces for Severe Flooding as Record-Breaking Rains Batter Guangdong Province
Southern China's densely populated Pearl River Delta is grappling with severe flooding following record-breaking rains, sparking concerns about the region's defenses against increasingly intense deluges induced by extreme weather events. Guangdong province, once dubbed the "factory floor of the world," has been battered by unusually heavy, sustained, and widespread rainfall since Thursday, with powerful storms ushering in an earlier-than-normal start to the province's annual flooding season. 
Southern China's densely populated Pearl River Delta is grappling with severe flooding following record-breaking rains, sparking concerns about the region's defenses against increasingly intense deluges induced by extreme weather events. Guangdong province, once dubbed the "factory floor of the world," has been battered by unusually heavy, sustained, and widespread rainfall since Thursday, with powerful storms ushering in an earlier-than-normal start to the province's annual flooding season. -
China Targets U.S. Chemical Imports with New Levies
Beijing has announced a substantial 43.5% levy on imports of propionic acid from the U.S., a chemical widely utilized in various sectors including food preservation, animal feed, and pharmaceutical manufacturing. 
Beijing has announced a substantial 43.5% levy on imports of propionic acid from the U.S., a chemical widely utilized in various sectors including food preservation, animal feed, and pharmaceutical manufacturing. -
Study Reveals 45% of China's Major Cities Sinking, Putting Millions at Risk of Flooding
A new study published in the journal Science has revealed that nearly half of China's major cities are experiencing "moderate to severe" levels of subsidence, putting millions of people at risk of flooding, especially as sea levels continue to rise due to climate change. 
A new study published in the journal Science has revealed that nearly half of China's major cities are experiencing "moderate to severe" levels of subsidence, putting millions of people at risk of flooding, especially as sea levels continue to rise due to climate change. -
China Cracks Down on 8.3 Million Debt Defaulters with Strict Travel and Lifestyle Restrictions - Report
China is cracking down on its growing debt crisis by imposing severe penalties on 8.3 million individuals who have failed to settle their debts. The government's delinquency blacklist has swelled by nearly 50% since late 2019, leading to stringent measures that restrict defaulters' access to high-speed rail travel, luxury accommodations, and even vacations. 
China is cracking down on its growing debt crisis by imposing severe penalties on 8.3 million individuals who have failed to settle their debts. The government's delinquency blacklist has swelled by nearly 50% since late 2019, leading to stringent measures that restrict defaulters' access to high-speed rail travel, luxury accommodations, and even vacations. -
China-EU Trade Tensions Escalate, Risking Full-Blown Trade War, Warns European Chamber President
The president of the European Chamber in China, Jens Eskelund, has warned that rising protectionism between China and Europe threatens to escalate into a full-scale trade war, likening the situation to a "slow motion train accident." Eskelund's comments come on the heels of German Chancellor Olaf Scholz's three-day tour of China, during which he conveyed European concerns about Beijing's investment policies and pushed for improved market access. 
The president of the European Chamber in China, Jens Eskelund, has warned that rising protectionism between China and Europe threatens to escalate into a full-scale trade war, likening the situation to a "slow motion train accident." Eskelund's comments come on the heels of German Chancellor Olaf Scholz's three-day tour of China, during which he conveyed European concerns about Beijing's investment policies and pushed for improved market access. -
China Scrambles Fighter Jets to Monitor US Navy Plane in Taiwan Strait
A U.S. Navy P-8A Poseidon maritime patrol and reconnaissance plane flew through the Taiwan Strait on Wednesday, just hours after a rare phone call between U.S. Defense Secretary Lloyd Austin and Chinese Defence Minister Dong Jun. 
A U.S. Navy P-8A Poseidon maritime patrol and reconnaissance plane flew through the Taiwan Strait on Wednesday, just hours after a rare phone call between U.S. Defense Secretary Lloyd Austin and Chinese Defence Minister Dong Jun. -
India Delays Paytm's $6 Million Investment Over Chinese Ownership Concerns
Paytm, one of India's leading digital payment providers, has hit a regulatory roadblock with the Indian government deferring approval for a significant investment into its Paytm Payment Services arm. 
Paytm, one of India's leading digital payment providers, has hit a regulatory roadblock with the Indian government deferring approval for a significant investment into its Paytm Payment Services arm. -
China Urges Hong Kong to Prioritize National Security for Economic Growth
China's top official on Hong Kong affairs, Xia Baolong, has called on the city to "tightly hold" onto the bottom line of national security to safeguard its development. In a speech marking an annual national security day, Xia, the director of Beijing's Hong Kong and Macau Affairs Office, emphasized the importance of maintaining stability to ensure Hong Kong's continued prosperity. 
China's top official on Hong Kong affairs, Xia Baolong, has called on the city to "tightly hold" onto the bottom line of national security to safeguard its development. In a speech marking an annual national security day, Xia, the director of Beijing's Hong Kong and Macau Affairs Office, emphasized the importance of maintaining stability to ensure Hong Kong's continued prosperity.
